It was reported on August 15 that according to documents disclosed by the Hong Kong Stock Exchange on August 15, JPMorgan Chase & Co. (JPMorgan Chase & Co.) sold on August 9 at an average price of HK$0.0726 per share on the market and HK$0.0718 per share on the market$NARNIA GROUP (08607.HK)$5.6 million common shares with a value of approximately HK$406,600. After the sale, the latest number of shares held by J.P. Morgan Chase was 38.095 million shares, and the ratio of good positions dropped from 5.46% to 4.76%.
Additional Information: JP Morgan Chase & Co. Cricket to have a no-tiring interest in the shares.What is disclosure of interests?
According to the requirements of the Hong Kong Stock Exchange, major shareholders (individuals and companies holding 5% or more of the shares) are required to disclose their shareholding interests in listed companies. The directors and top executives of a listed company are required to disclose their interests in the shares and debentures of the listed company and companies linked to the listed company.
Why is disclosure of interests important?
Disclosure of interests allows investors to identify (1) persons who control or are capable of controlling the stock interests of listed companies, and (2) persons who may benefit from transactions involving linked entities of listed companies.